
Phoenix, AZ 85012
This Contemporary High-Rise Loft is a Stunning Move-In Ready Home listed at $499,000, offering a stable acquisition at its $499,000 Fair Market Value. Boasting an Excellent Condition Rating, the interior has been "newly reimagined" with refreshed cabinetry, updated lighting, and stainless steel appliances. The 11th-floor residence features floor-to-ceiling glass capturing panoramic mountain and city views, complemented by resort amenities including a heated pool, spa, and full gym. Located steps from the light rail near Osborn Middle School, this sanctuary is a perfect match for Urban Professionals or Owner-Occupants seeking a sophisticated lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 E LEXINGTON Avenue 1101 Subject | $499,000* List Price | 2 | 2 | 1,261 | $396 | - |
A 3131 N CENTRAL Avenue 4007 Sold | $605,000 List Price | 2 | 2 | 1,374 | 0.1 mi | |
B 3131 N Central Avenue 4007 Sold | $483,500 List Price | 2 | 2 | 1,374 | 0.1 mi | |
C 3131 N CENTRAL Avenue 6010 Sold | $435,000 | 2 | 2 | 1,109 | $392 | 0.1 mi |
D 3131 N CENTRAL Avenue 4015 Sold | $518,000 | 2 | 2 | 1,363 | $380 | 0.1 mi |
E 3131 N CENTRAL Avenue 3011 Sold | $520,000 List Price | 2 | 2 | 1,125 | 0.1 mi | |
F 3131 N CENTRAL Avenue 6011 Sold | $499,000 | 2 | 2 | 1,112 | $449 | 0.1 mi |
G 1 E LEXINGTON Avenue 1004 Active | $585,000 List Price | 2 | 2 | 1,169 | $500 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2008 (17 years old), the property has been 'newly reimagined' with a recent renovation including refreshed cabinetry, updated lighting, and modern stainless steel appliances. The interior is in mint condition with a spa-like primary bath and visible, well-maintained industrial-style HVAC systems, qualifying it for the excellent category based on the recent updates.
Situated on the 11th floor with floor-to-ceiling glass, this unit offers dramatic, unobstructed views of the Phoenix skyline and surrounding mountains, significantly enhancing its luxury appeal.
The interior features a contemporary loft design with newly refreshed cabinetry, updated lighting, and a sleek kitchen, providing a move-in-ready environment for urban professionals.
Located in the heart of downtown Phoenix with immediate access to the light rail, residents enjoy exceptional walkability to major sporting events, dining, and cultural venues.
The association fee of $920 per month is substantial and may be a deterrent for budget-conscious buyers or those sensitive to high recurring carrying costs.
The property is served by local schools with ratings as low as 3/10, which could limit its appeal to families prioritizing high-performing educational districts.
Bring ALL Offers! A newly reimagined space with updated lighting and refreshed cabinetry. Urban luxury living at your oasis in the city with million dollar views from the 11th floor of One Lexington, the premier high rise community in downtown Phoenix. This loft style contemporary is spacious and bright with floor to ceiling glass that capture dramatic views of the Phoenix City scape, along with picturesque surrounding mountain views. The kitchen is sleek and opens to the main living space with custom cabinetry, stainless steel appliances and amble storage space. The primary bedroom windows frame the city beyond and the spa like bath has dual vanities, a soak tub, walk in shower and roomy closet space. The secondary bedroom offers flexibility and additional opportunities for endless sunsets and desert night skies. Amenities include front desk staff a heated resort style pool and spa, built in outdoor grills, a full gym facility with free weights and a club lounge for special events, along with a dog run for your urban city furry friend. The unit has 2 assigned gated parking spaces, as well as a separate lockable storage locker. Walk or ride the light rail to sporting events, dining, theater, opera and museums: all within walking distance of your desert city oasis.
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 1.0 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,261 | - |
| Lot Size | 1,238 | - |
| Price | $499.0K | $310.8K |
| Price per sq ft | $396 | $272 |
| Built year | 2008 | 0 |
| HOA | $920 | $0 |
| Days on market | 365 | 1408 |
Jul 23, 2025
$499,000
Initial Listing